: What Consumers Want", report examines the consumer payments market in Canada, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless.

1. Canada Payments Market Outlook to
2017: Ken Research

2.  Payments in Canada 2017: What Consumers Want", report examines the
consumer payments market in Canada, considering payment cards,
online payments, P2P payments, and newer payment technologies such
as mobile wallets and contactless. The report also examines the main
regulatory players overseeing the market.
 Canada is a developed and highly competitive payment card market-with
pay-later and debit card penetration rates of 219.9 and 85.4 per 100
individuals in 2017. Canadian consumers are avid users of payment
cards, with frequency of use at 101.2 transactions per card. While credit
cards dominate in terms of spending, debit cards are more frequently
used at the POS, with this figure the highest among its peers. This is
largely a reflection of the continuing migration of low-value cash
payments to payment cards, as well as increased usage of contactless
debit cards. Newer technologies such as mobile wallets are also gaining
traction in the country with the launch of popular international payment
solutions such as Apple Pay, Samsung Pay, and Android Pay. In addition,
widespread use of contactless payments-backed by well-established
contactless payment infrastructure-is anticipated to further drive
electronic payments in Canada.

3.  It provides in-depth analysis of the following Analyzes consumer attitudes to
financial services by lifestage. Analyzes the major payment card types in terms of
both card holding and usage. Identifies the major competitors in card issuing and
how their position in the market has changed over the last five years. Considers
consumer attitudes towards P2P tools, mobile payment tools, and contactless
cards, and how companies in Canada are deploying these tools to meet customer
needs. Explores the online payment market in Canada by merchant type and
payment tool, as well as providing a five-year forecast for the development of the
market.
 Interac-which is a non-profit organization-has a monopoly in the Canadian debit
card market. Interac Association was established in 1984 by five leading banks:
RBC, CIBC, Scotiabank, TD Bank, and Desjardins. The average interchange fee
charged on Visa and Mastercard pay-later cards in Canada is now more than 1.5%,
which is much higher compared to the 0.3% charged in the EU. As this has resulted
in high card-acceptance costs, many merchants in Canada have raised concerns.
According to Payments Canada'sCanadian Payment Methods and Trends report,
contactless volumes and values increased by 81% and 78% in 2016. According to
the same report, the number of contactless transactions increased significantly,
totaling 1.1 billion with credit cards and 1 billion with debit cards.

4.  Canada Payments Market Outlook
 Canada Payments Market Size
 Canada Payments Market Research Report
 Canada Payments Market Trends
 Canada Payments Market Demand
 Canada Payments Market Share
 Canada Payments Market Share
 Canada Payments Industry Analysis
 Canada Payments Industry Research
 Canada Payments market Revenue

5.  To know more, click on the link below:
 https://www.kenresearch.com/banking-financial-services-and-insurance/financial-
services/payments-in-canada-2017-what-consumers-want/142701-93.html
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 Contact:
 Ken Research
 Ankur Gupta, Head Marketing & Communications
 sales@kenresearch.com
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